Newspaper article The Christian Science Monitor

Letters to the Editor

Newspaper article The Christian Science Monitor

Letters to the Editor

Article excerpt

World must act in defense of Congo's citizens

Regarding the Oct. 29 article, "Congo rebels push toward key city": UN peacekeepers need to be far more active militarily in defending Congolese populations. Local outrage at the UN Mission in Congo (MONUC) for doing nothing to protect the people continues to be intense for good reason. The UN mandate needs to be expanded, and quickly.

The current military action around Goma is a war of attrition on the part of Rwanda. And in the far northeastern Orientale Province, another war of attrition is being conducted by the Lord's Resistance Army (LRA), Ugandan rebel forces. They have attacked 16 villages, leading to the displacement of thousands of people. The world needs to act, with relief aid and strong military intervention, to stabilize these areas.

Ann Shannon Portland, Ore.

What the stock market needs

In regard to the Oct. 28 Opinion piece, "How to make the stock market less of a casino": A couple of years ago, I made a significant investment in the stock market. I have learned that the motives that drive the market are out of sync with my own. The least little CNN tidbit or earnings hiccup, whether true or false, sends the speculators and profit seekers into crazed buying or selling sprees.

That's why I like author Fred Beyer's suggestion that "Public companies should offer special dividends to investors that hold on to their stock without interruption for five years or more." We need good, principled thinking today much more than we need Wall Street trying to devise the next clever "derivative" for making a quick buck.

Chris Johnson Oakton, Va.

This commentary shows that Mr. Beyer does not understand what has happened in the market. Because of elimination of regulations in the mortgage industry, the companies holding mortgages have compounded the loss due to foreclosure to an amount that cannot be paid back. Through the device known as a credit default swap (CDS), each mortgage was issued many insurance policies, which means if a mortgage goes into foreclosure, all of those policies have claim to the full value of the loss. …

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